The North America Cookers & Ovens Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
The evolving time has witnessed an increasing need for freestanding cookers with accurate temperature control and pre-set ovens with automated power settings, which creates a market potential. Key companies in the market are currently emphasizing on the introduction of stainless-steel cavity-based ovens and inverter microwave ovens. Apart from that, some players are implementing tandoor technology into their ovens, while others are focusing on offering built-in cookers.
The cookers have many varieties depending upon the medium of cooking, and one of those types is solar cooker which is operated with the help of sun rays. The cooker come in a variety of shapes and sizes, depending on the amount of sun exposure and the sort of food to be cooked. Some cookers include solar parabolic cookers, panel cookers, and box cookers. This is due to its simple and safe operation with no need for regulation, along with that, the box cooker is the most frequently known and used cooker. The panel cooker is made up of a vessel that is placed in the center of the reflecting panel to focus the sun's rays on it. In comparison to a box cooker, the panel is extremely efficient. A parabolic cooker is used to achieve high temperatures for frying and grilling food.
People of the region show high preference for baked products and demand for food items from same category. The region is witnessing the rising number of houses and apartments. In the short term, growing house renovation activities in the country may fuel demand for large kitchen appliances. The home improvement industry in the United States is better than it has been in over ten years, and it includes the sale of building materials, décor, appliances, and other home advancements, as well as the services provided by contractors, tradespeople, and other workers who assist in the construction, installation, modification, and upgrade of homes. Home-ownership accounts for a considerable chunk of the American economy.
With a statewide housing shortage and record-high home prices, more homeowners in the United States choose to stay in their homes rather than relocate or upgrade to new ones. Consumers are most probable to upgrade large household equipment such as freezers, refrigerators, washing machines, and other appliances throughout these renovation operations. Along with that, people in the North American region are very fond of baked and cheese-based foods, and thus people whether normal consumers or owners of restaurants, cafes, and hotels are actively purchasing the appropriate amount of ovens and in the case of some restaurants, cookers too.
The US market dominated the North America Cookers & Ovens Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $43,519.5 million by 2028. The Canada market is estimated to grow at a CAGR of 7.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.4% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Type, the market is segmented into Cooktops & Cooking Ranges, Ovens, and Cookers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cookers & Ovens Market is Estimated to reach $220.1 Billion by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Haier Smart Home Co., Ltd. (Haier Group Corporation), Samsung Electronics Co., Ltd. (Samsung Group), LG Electronics, Inc. (LG Corporation), Robert Bosch GmbH, Groupe SEB, Wilh. Werhahn KG (ZWILLING J.A. Henckels AG), Koninklijke Philips N.V., Fissler GmbH, and Electrolux AB.
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